decentralized nature. Yet the imperfect methods used to secure the digital tokens are pulling millions of bitcoin out of circulation with little hope of recovery.
Roughly 20% of the 18.5 million bitcoin in existence is estimated to be lost or trapped in inaccessible wallets,reported on Tuesday, citing data from Chainalysis. That sum is currently worth about $140 billion. These bitcoin remain in the world's supply and still hold value, but they're effectively kept from circulation.
For now, the adage holds true. Some exchanges such as Coinbase have some emergency recovery measures that can help users regain access to forgotten keys or passwords. But exchanges are less secure than wallets and some have even been hacked, Nguyen said.
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